[ANN] DERO: DAG + Cryptonote + Bulletproofs + SSL + POW + Smart Contracts

[korm]

I second this sentiment.  Lots of promise, but we need to see if promises can be delivered upon.

When the result is, it will be too late to start mining. I'm ready to wait until I collect a few coins 

[Atomicc]

At this price level of 0.000025 mining is not so profitable 
Waiting for price recover...

[MagicSmoker]

At this price level of 0.000025 mining is not so profitable 
Waiting for price recover...

0.000025 what? BTC? Always specify units!

And you are right that it is not terribly profitable to mine right now, but you left out the other half of the reason: the difficulty to find each coin is too high relative to the price (in BTC/$/whatever).

Still, my CPUs don't have anything better to do besides surf the web so I point 2 of them at DERO despite the unattractive difficulty vs. price.

[Speedie]

At this price level of 0.000025 mining is not so profitable 
Waiting for price recover...

With young but promising projects like this, you're mining for what they will be worth rather than what they're worth now. The price is currently (arguably) depressed anyway as deposits had been all but impossible until recently. Now you're seeing a lot of pent up dumping from the terminally shortsighted <shrugs>.

Mining XMR wasn't terribly profitable a couple of years ago when it was $0.50 or so. How many mine and dump operations wish they still had now what they dumped back then I wonder?

[roberval123]

At this price level of 0.000025 mining is not so profitable 
Waiting for price recover...

With young but promising projects like this, you're mining for what they will be worth rather than what they're worth now. The price is currently (arguably) depressed anyway as deposits had been all but impossible until recently. Now you're seeing a lot of pent up dumping from the terminally shortsighted <shrugs>.

Mining XMR wasn't terribly profitable a couple of years ago when it was $0.50 or so. How many mine and dump operations wish they still had now what they dumped back then I wonder?

+1

Mining to chase profits is what nicehash does. I love mining the ones no one knows about but have potential. When I started SUMO it was 0.30c, it shot up to $10 for a short while. Mining 3-4 SUMO a day at 0.30c was not the most profitable at the time...don't chase the money, chase the project. It pays off in the long term.

[CaptDero]

To be part of DERO NETWORK and start mining DERO:
Download daemon & wallet from below links, choose your OS.
https://github.com/deroproject/dero
https://github.com/deroproject/dero/releases/download/v0.11.2/dero-linux-amd64.tar.gz
https://github.com/deroproject/dero/releases/download/v0.11.2/dero-windows-amd64.zip

Extract and change into that directory by cmd-prompt.
Run derod.exe or derod depending on operating system. It will start syncing.
Open another command-prompt and run dero-wallet-cli.exe/dero-wallet-cli and follow options to create wallet.
Make sure to backup your wallet-file/password/seed/key etc…

SOLO MINING:
Run “start_mining X” cmd in wallet X-> NO. of cores in your CPU

POOL MINING:
Visit http://pool.dero.live/#getting_started

DERO POOLS:
http://pool.dero.live Official pool.
http://dero.tech
https://dero.nitropools.com/ Fix diff supported

[CaptDero]

Good News ..
the wallet  Stocks.exchange is now online : you can send your coins to it !!
Also You can Join our Pool And mine directly TO stocks.exchange
by putting walletaddress.paymentid

Connection Details

Code:

stratum+tcp://dero.coinwire.eu:6666

For Xmr-stak Users
edit config :

Code:

"pool_address" : "dero.coinwire.eu:6666"
"wallet_address" : walletaddress.paymentid
"pool_password" : "x", 

link : https://dero.coinwire.eu

Pls can you check your pool, looks it got stucked.  Also PM you.

Also Everyone pls confirm from official sources that exchanges is working or not. For some deposits/wihtdraw working.
Pls test with some small tests deposits/withdraw first to double sure.

[salary123]

At this price level of 0.000025 mining is not so profitable 
Waiting for price recover...

With young but promising projects like this, you're mining for what they will be worth rather than what they're worth now. The price is currently (arguably) depressed anyway as deposits had been all but impossible until recently. Now you're seeing a lot of pent up dumping from the terminally shortsighted <shrugs>.

Mining XMR wasn't terribly profitable a couple of years ago when it was $0.50 or so. How many mine and dump operations wish they still had now what they dumped back then I wonder?

+1

Mining to chase profits is what nicehash does. I love mining the ones no one knows about but have potential. When I started SUMO it was 0.30c, it shot up to $10 for a short while. Mining 3-4 SUMO a day at 0.30c was not the most profitable at the time...don't chase the money, chase the project. It pays off in the long term.

The mine is making money all the time, and my friends are looking for new projects because of the potential for improvement

[Norainvn]

hope NEWS from DERO team --- 19-jan is comming

[--Serena--]

If anyone wants to sell 160 dero for a $50 CANADIAN prepaid credit card let me know

I also use this username on Reddit

If you're interested I can provide more info or whatever to alleviate some concerns. If you're a well known poster here I would buy $100 CAD in dero to help give it some "real world value"

https://imgur.com/a/Ap7wk

[korm]

At this price level of 0.000025 mining is not so profitable 
Waiting for price recover...

With young but promising projects like this, you're mining for what they will be worth rather than what they're worth now. The price is currently (arguably) depressed anyway as deposits had been all but impossible until recently. Now you're seeing a lot of pent up dumping from the terminally shortsighted <shrugs>.

Mining XMR wasn't terribly profitable a couple of years ago when it was $0.50 or so. How many mine and dump operations wish they still had now what they dumped back then I wonder?

+1

Mining to chase profits is what nicehash does. I love mining the ones no one knows about but have potential. When I started SUMO it was 0.30c, it shot up to $10 for a short while. Mining 3-4 SUMO a day at 0.30c was not the most profitable at the time...don't chase the money, chase the project. It pays off in the long term.

The mine is making money all the time, and my friends are looking for new projects because of the potential for improvement

In this case, you need patience. And be able to wait. With sumo and xmr a good example.

[bineva17]

Hello I'm on board! I've just have a good stack of Dero. Unbelievably it was less than $1 again thanks to the overall market dumping. Was in Monero since it was $10 and I believe Dero will have a huge bright future!

well, I'm pretty sure once problem get resolved for everyone, it will not longer take 5 days.
Currently someone selling hard, erasing nice all gains coin had (

A steep drop after the wallets came back online was to be expected - a price of $2.88US wasn't realistic for a coin that is barely known. Hell, even $0.77US was a bit much, really.

That said, the current difficulty in the range of 150000000 to 200000000 makes mining much less attractive given the current price of around $0.22US.

I'm still mining it, just with 2 CPUs, rather than using any of my GPUs.

I  have been in Ellaism since it was $0.3 and a short time later it reached Coin Market Cap and spiked to $4 , now it's around $2 despite the market doom . I even believe in Dero's future more than Ella. You'll see how great Dero will perform in 2018.

[CaptDero]

DERO 44 days update:

Please to announce Status update release 1 of DERO Blockchain :
https://github.com/deroproject/derosuite

As per https://github.com/deroproject/derosuite/blob/master/README.md

In the status update release 1, Following parts of cryptonote has been rewritten in golang.

At present, Golang DERO daemon can sync and verify blockchain with the existing DERO network.

For specific details of current DERO core implementation and capabilities, see below:

    Cryptonight Hash: This is an ASIC resistant, memory-bound algorithm. This provides assurance that all miners are equal. ( No miner has any advantage over common miners).
    Wire protocol (90% completed): This protocol is used to exchange data between 2 DERO daemon nodes. At this point, Go daemon can connect to C daemon and vice-versa, sync blockchain and exchange, already possible. Complete interoperability has been achieved. This has 3 sub protocols:
   Levin Protocol: Bottom most layer, basically message framing.
   P2P Protocol: Handshake exchange, P2P commands and timed synchronization.
   CryptoNote Protocol: This layers controls exchange of blocks, transactions and blockchain itself.
    Pederson Commitment: (Part of ring confidential transactions): Pederson commitment algorithm is a cryptographic primitive that allows user to commit to a chosen value while keeping it hidden to others. Pederson commitment is used to hide all amounts without revealing the actual amount. It is a homomorphic commitment scheme.
    Borromean Signature: (Part of ring confidential transactions): Borromean Signatures are used to prove that the commitment has a specific value, without revealing the value itself.
    Additive Homomorphic Encryption: Additive Homomorphic Encryption is used to prove that sum of encrypted Input transaction amounts is EQUAL to sum of encrypted output amounts. This is based on Homomorphic Pederson commitment scheme.
    Multilayered Linkable Spontaneous Anonymous Group (MLSAG) Work-in-Progress: (Part of ring confidential transactions): MLSAG gives DERO untraceability and increases privacy and fungibility. MLSAG is a user controlled parameter ( Mixin) which the user can change to improve his privacy. Mixin of minimal amount is enforced and user cannot disable it.
   Core-Consensus Protocol implemented: Consensus protocol serves 2 major purpose
          Protects the system from adversaries and protects it from forking and tampering.
          Next block in the chain is the one and only correct version of truth ( balances)
   Proof-of-Work(PoW) algorithm: PoW part of core consensus protocol which is used to cryptographically prove that X amount of work has been done to successfully find a        block. To deter use of specialized hardware, an ASIC resistant, memory bound cryptonight algorithm is used in DERO project.
    Difficulty algorithm: Difficulty algorithm controls the system so as blocks are found roughly at the same speed, irrespective of the number and amount of mining power deployed.
    Serialization/De-serialization of blocks: Capability to encode/decode/process blocks .
    Serialization/De-serialization of transactions: Capability to encode/decode/process transactions.
    Socks proxy: Socks proxy has been implemented and integrated within the daemon to decrease user identifiability and improve user anonymity.
    Interactive daemon can print blocks, txs, even entire blockchain from within the daemon
    status, diff, print_bc, print_block, print_tx and several other commands implemented
    GO DERO Daemon has both mainnet, testnet support.
    Tree-hash for transactions (based on keccak): This merkle root allows user to verify transactions as needed without adding transaction body to block header.
    BOLT Database: DERO Blockchain uses BoltDB for future scalability and low latency reads.
    Enhanced Reliability, Privacy, Security, Useability, Portabilty assured. For discussion on each point how pls visit forum.

The daemon is only for limited testing and evaluation purposes only.



NOTE: DO NOT MIGRATE to this daemon. This is strictly for evaluation.

Pls download precompiled binaries for Windows, Solaris, Mac, BSDs, arm etc. from:  https://github.com/deroproject/derosuite

Thank you.

[CaptDero]

For technical discussions etc. Pls visit: https://forum.dero.io/

Hope you like our efforts.
Thank you.

[chuongthanh]

CaptDero seems to know exactly what they are doing. Great future ahead!

[h0g0f0g0]

Woohoo folks, this is great achievement. Way to go!

[Norainvn]

Great DERO team, love you

[StonerStanley]

It looks promising.... I hope that stocks.exchange will repair all their bug.

[pinball_wizard]

Hope in another exchange soon, hope that stocksexchange doesn't go down as coinsmarkets!

[MagicSmoker]

Price holding steady at around $0.36US / 0.00003 BTC but mining difficulty is above 400M; that's around 4 DERO per day with an RX 570, which makes this extremely unattractive to mine with a GPU at the moment. Tread carefully, those with lots of hashrate.